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R&D Tax Relief for Aerospace and Defence Companies

 

R&D tax relief schemes offer tax incentives for companies investing in innovation, reducing the financial burden associated with research and development activities.

The Benefits of an R&D Tax Claim

 

You could receive tax credits or tax deductions for your research and development expenditures. This helps reduce the financial burden of innovation and could allow you to reinvest the saved funds into further R&D initiatives, further accelerating innovation within your business and propelling the aerospace, defence and space sectors forward.

 

The benefits extend beyond immediate cost savings, as the R&D tax relief promotes growth, drives competitiveness, and fosters a culture of continuous improvement within the industry.

 

Are you eligible for R&D tax relief?

 

Examples of qualifying activity for R&D tax relief in Aerospace and Defence.

Development of advanced propulsion systems

 

Designing and improving innovative propulsion technologies for use with sustainable sources of fuel (SAF, Hydrogen and electric), as well as engines with enhanced fuel efficiency or reduced emissions.

Materials
Research

 

Projects involving the development of new lightweight and high-strength materials for use in aircraft and defence equipment, such as composites or alloys with superior properties.

Unmanned Aerial Vehicles (UAVs) and autonomous systems

 

R&D activities aimed at enhancing the capabilities of UAVs and autonomous systems, including navigation, control systems, and integration of advanced sensors.

Space technology advancements

 

Research and development initiatives related to space exploration, satellite technologies, and satellite communication systems, including the development of new satellite components, launch vehicles, or space exploration instruments.

Military equipment enhancements

 

 Research and development projects focused on improving the performance, durability, or efficiency of military equipment, such as armoured vehicles, communications systems, or weaponry.

What we can do for you

 

We help companies navigate the complexities of applying for innovation funding, ensuring that businesses already benefitting maximise their entitlement, as well as enabling those encountering the process for the first time to achieve a smooth route through it. We also manage the impact of grant funding and subsidies on R&D tax benefits.

 

Our Innovation Funding Consultants – highly professional post-graduate qualified scientists and engineers with experience in the aerospace and defence sectors – will gather all the information they need quickly and efficiently, peer-to-peer with your team.

 

✅   We write the Technical Report,

 

✅   collate all the eligible costs and

 

✅   calculate the associated benefit for inclusion in your company tax return.

 

✅   we take care of any queries from the relevant tax authority as enquiry defence is included free-of-charge with every claim we submit.

 

Visit our R&D Tax Credits page to find out more.

 

Our customers say…

The process of claiming R&D tax relief with ABGi was painless and the outcome exceeded our expectations.Their Technical Analysts’ knowledge is fantastic, they fully understood our engineering business and products, with minimal input from our staff. Everyone at Cajero is really busy running the business, ABGi appreciated this, accommodating the time pressures from our side and kept our work to a minimum.

Alex Harding, CEO
Cajero Limited

We were not aware of any R&D incentives that could be applicable to our company. However after our accountants introduced us to ABGi, we were impressed from day one! The understanding achieved by their analysts of our processes really was significant; few professional bodies we have encountered had their level of engineering expertise, thus giving us the confidence to move forward with a claim.

Jon Pitt, Financial Director
L.M.g. Solutions Ltd

Like with many companies, we are constantly busy and at the start of our journey with ABGI, we weren’t sure if the effort would be worth the benefit. Luckily this wasn’t a feeling that lasted for long, as it was surprisingly straightforward and not as much paperwork as first expected.  We were totally stunned at the amount claimed, we really couldn’t believe it. The tax benefit has since allowed us to reinvest the money, buy new machinery and hire 2 new people.

Rod Wah, Managing Director
Beverston Engineering

Let’s get started

 

For a free consultation and analysis of the potential returns you might expect from your projects, contact the ABGi UK Team: